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On Thu, 14 Feb 2008 17:34:28 -0500,
Erik Funkenbusch <erik@xxxxxxxxxxxxxxxxxxxxxx> wrote:
> On Tue, 12 Feb 2008 16:47:54 +0000, Roy Schestowitz wrote:
>
>> Erik's claim is indeed very bizarre. Is he out of this world? If someone quits
>> MSFT, why buy YHOO, which Microsoft wants to grab? Just commission going to
>> waste...
>
> Microsoft's buyout bid was something like 1.5x the current asking price of
> Yahoo stock. If you sold $100 worth of MS stock and bought $100 worth of
> Yahoo stock, then when MS bought it, they'd convert that $100 in yahoo to
> $150 in Microsoft, making a 33% profit.
>
> Is that so difficult to understand?
MS lost over 40 billion $ in market cap, Yahoo did not gain over 40
billion $ in market cap, ergo, the drop in market cap of MSFT was not
due to people selling MSFT stock in order to buy Yahoo stock.
Is that so difficult to understand?
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--
Jim Richardson http://www.eskimo.com/~warlock
The real fun of living wisely is that you get to feel smug about it
-- Hobbes
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